Terreno Realty

TRNO • NYSE

Terreno Realty is a reit - industrial company in the real estate sector on NYSE, led by W. Blake Baird, with a market cap of $6.3B. As of Q3 2025, 104% of shares are held by 338 institutional investors, with BlackRock, Inc. as the largest holder at 17.33%.

Chairman and Chief Executive OfficerW. Blake Baird

Market Cap$6.3B

REIT - Industrial

Real Estate

Employees40.0

Websiteterreno.com

Country

United States of America

Overview

Overview of institutional ownership in TRNO as of Q3 2025 with a market cap of $5.9B

All Institutions

Institutions: 338
Value Held: $6.1B
Shares Held: 107.9M
Avg Position: $18.1M
Median Position: $858.5K

Hedge Funds

Hedge Funds: 23
Value Held: $97.6M
Shares Held: 1.7M
Avg Position: $4.2M
Median Position: $1.7M

Ownership Breakdown

Institutional (non-HF)

102.82%

$6.0B

Hedge Funds

1.66%

$97.6M

Retail & Other

Based on market cap of $5.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TRNO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$1.0B 0.02% of portfolio	17.33% 17.9M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$886.7M 0.01% of portfolio	15.13% 15.6M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
FMR LLC Institution	-	$652.5M 0.03% of portfolio	11.13% 11.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$337.8M 0.01% of portfolio	5.71% 5.9M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$254.2M 0.16% of portfolio	4.34% 4.5M shares	Q3 2022 Held for 3y 2m	$161.58B
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$227.6M 0.02% of portfolio	3.88% 4.0M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$153.3M 0.01% of portfolio	2.61% 2.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$113.8M 0.02% of portfolio	1.94% 2.0M shares	≤ Q2 2013 Held for 12y 5m+	$620.51B
A AMERICAN CENTURY COMPANIES INC Institution	-	$101.5M 0.05% of portfolio	1.73% 1.8M shares	Q2 2022 Held for 3y 5m	$195.93B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$94.0M 0.01% of portfolio	1.60% 1.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for TRNO in Q3 2025

Traded: +$101.1M
Buyers: 174
Sellers: 157
Total Bought: +$340.8M
Total Sold: −$239.7M
Avg Position: $16.4M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$85.0M +1.5M shares	$652.5M 11.5M shares
B BTIM Corp. Institution	+$27.0M +475.0K shares	$27.0M 475.0K shares
G Gillson Capital LP Hedge Fund•Long/Short	+$26.0M +458.8K shares	$26.0M 458.8K shares
B BlackRock, Inc. Institution	+$18.7M +330.1K shares	$1.0B 17.9M shares
UBS Group AG Institution	+$17.7M +311.6K shares	$34.0M 599.9K shares
A Adelante Capital Management LLC Real Assets	+$16.1M +283.2K shares	$16.1M 283.2K shares
A Advisor Group Holdings, Inc. Institution	+$12.8M +225.3K shares	$12.8M 225.9K shares
S STRS OHIO Institution	+$9.2M +162.7K shares	$16.2M 286.3K shares
JPMORGAN CHASE & CO Institution	+$9.0M +159.1K shares	$71.1M 1.3M shares
Q Qube Research & Technologies Ltd Institution	+$9.0M +158.1K shares	$10.7M 189.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
Invesco Ltd. ETF Provider	−$29.3M −517.1K shares	$88.7M 1.6M shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$23.6M −416.7K shares	$254.2M 4.5M shares
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	−$21.9M −390.9K shares	Sold Off 0 shares
BARCLAYS PLC Institution	−$11.8M −208.5K shares	$10.4M 183.6K shares
S Standard Life Aberdeen plc Institution	−$9.9M −175.5K shares	$8.8M 156.4K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	−$9.1M −159.8K shares	$5.1M 89.3K shares
Chevy Chase Trust Holdings, Inc. RIA/Wealth	−$8.3M −146.0K shares	$27.0M 476.0K shares
Allspring Global Investments Holdings, LLC Long Only Manager	−$7.9M −137.1K shares	$22.6M 392.4K shares
MORGAN STANLEY RIA/Wealth	−$7.2M −126.9K shares	$94.0M 1.7M shares
GOLDMAN SACHS GROUP INC Institution	−$6.6M −116.6K shares	$53.4M 941.3K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited TRNO in Q3 2025

New Positions: 15
New Value: $39.8M
Exited Positions: 34
Exited Value: $44.7M

New Positions

Institution	Position Value
B BTIM Corp. Institution	$27.0M 475.0K shares
Masterton Capital Management, LP Hedge Fund•Long/Short	$7.1M 125.8K shares
Castellan Group, LLC Family Office	$3.6M 63.0K shares
New Age Alpha Advisors, LLC Hedge Fund•Multi-Strategy	$1.3M 23.6K shares
Fifth Third Wealth Advisors LLC RIA/Wealth	$463.4K 8.2K shares
HOHIMER WEALTH MANAGEMENT, LLC RIA/Wealth	$214.1K 3.8K shares
S Salomon & Ludwin, LLC Institution	$48.6K 837.0 shares
B BRYN MAWR TRUST CO/PA Institution	$5.9K 104.0 shares
Sontag Advisory, LLC RIA/Wealth	$4.1K 72.0 shares
Quest 10 Wealth Builders, Inc. RIA/Wealth	$1.4K 25.0 shares

Exited Positions

Institution	Previous Position
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$21.9M 390.9K shares
E Employees Retirement System of Texas Institution	$3.7M 66.5K shares
Lighthouse Investment Partners, LLC Fund of Funds	$2.5M 45.0K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$2.3M 40.8K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$1.8M 32.8K shares
P Polymer Capital Management LLC Hedge Fund•Multi-Strategy	$1.8M 32.3K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$1.8M 31.3K shares
Engineers Gate Manager LP Hedge Fund•Quant	$1.6M 28.1K shares
Knights of Columbus Asset Advisors LLC Long Only Manager	$1.4M 25.1K shares
A Arrowpoint Asset Management, LLC Hedge Fund•Multi-Strategy	$961.2K 17.1K shares

Options Activity

Institutions with the largest Call and Put options positions in TRNO as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with TRNO as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Castellan Group, LLC Family Office	Barry Charles Brauch Managing Partner	4.11% $3.6M	0.06% 63.0K shares	Q3 2025 Held for 2 months	$87.1M
Masterton Capital Management, LP Hedge Fund•Long/Short	Stephen Michael Mykijewycz CEO	3.91% $7.1M	0.12% 125.8K shares	Q3 2025 Held for 2 months	$182.4M
Uniplan Investment Counsel, Inc. RIA/Wealth	Kris Hunter Jamison CEO	2.87% $28.2M	0.48% 497.2K shares	Q2 2015 Held for 10y 5m	$983.7M
BERNZOTT CAPITAL ADVISORS RIA/Wealth	Mark Alexander Scott CEO	2.77% $5.9M	0.10% 103.4K shares	Q2 2022 Held for 3y 5m	$211.9M
Tandem Investment Advisors, Inc. Long Only Manager	John Brian Carew CEO	2.75% $80.5M	1.37% 1.4M shares	Q4 2022 Held for 2y 11m	$2.9B
G Gillson Capital LP Hedge Fund•Long/Short	Daniel Bartlett Johnson Founder	2.25% $26.0M	0.44% 458.8K shares	Q1 2024 Held for 1y 8m	$1.2B
OSTERWEIS CAPITAL MANAGEMENT INC Long Only Manager	Carl Philip Kaufman CEO	2.01% $34.3M	0.59% 604.4K shares	Q2 2025 Held for 5 months	$1.7B
CRAMER ROSENTHAL MCGLYNN LLC Long Only Manager	Brian Michael Harvey CEO	1.72% $26.8M	0.46% 472.1K shares	Q4 2022 Held for 2y 11m	$1.6B
Colony Capital, Inc. Institution	Marc Ganzi CEO	1.53% $18.6M	0.34% 346.7K shares	Q4 2023 Held for 1y 11m	$1.2B
Resolution Capital Ltd Real Assets	Sonia Luton Managing Partner	1.48% $76.2M	1.30% 1.3M shares	Q1 2014 Held for 11y 8m	$5.1B